Call for Quotes :


Transamerica is a San Francisco-based company that has been selling insurance under various names and entities since 1906. It offers three options for final expense or burial insurance. They are the Immediate Solution plan, the 10 Pay Solution plan, and the Easy Solution plan. The company guarantees that premiums will never increase due to age, and it also guarantees continuous coverage for life as long as premiums are paid. There is no waiting period for coverage to begin. Transamerica does not list policy payouts or other details publicly. We suggest you contact an agent using the information at the bottom of this document in order to learn more.

Can I cancel a burial insurance policy?

In most instances, burial insurance policies (sometimes called final expense insurance by insurance companies) cannot be cancelled. However, there are two exceptions. Firstly, if you stop paying your premiums or fail to pay them on time, the insurance company will likely void your plan. You will not be able to seek any refunds for previous premium payments made if the company voids your policy. The second exception involves fraud on the part of the insurance company, in which case you may be entitled to cancel your policy with no penalties.

Will a funeral home accept payment with burial insurance?

Funeral homes accept many forms of payment. Your burial or final expense policy will typically pay your beneficiary a lump-sum cash benefit upon your death. The beneficiary is free to do whatever he or she pleases with this cash. There are no rules, limitations or restrictions on its use. Many beneficiaries use the cash payout to cover funeral home expense payments.

Can I obtain burial insurance even though I have health issues?

Final expense and burial insurance policies exist to help individuals with non-terminal illnesses. You should be able to obtain a burial policy even if you have significant health issues, since burial insurance is much easier to purchase than standard life insurance. The trade-off is that burial insurance payouts are typically much lower than standard life insurance payouts. A few specific terminal health issues may prevent you from purchasing burial experience, but the qualifications vary from insurance company to insurance company. You should shop around with every company in your local area as well as remote companies using the internet in order to obtain the best possible coverage and premium rate for your particular needs. Most insurance firms do not require medical exams. However, almost all of them require burial insurance applicants to fill out a basic health-related questionnaire that helps to determine eligibility.

How to get started

If you are already a Transamerica insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can obtain a quote on its website, or you may call the company using the information below. You may also shop for policies using our comparison tool by clicking on the following link.

Financial Strength Ratings

AM Best – A+, Stable outlook
Moody’s – A1, Not on watch
Standard & Poor – AA-, Stable outlook

Company contact info

(855) 288-4181
Call Monday – Friday, 9:30 a.m. to 8:00 p.m. Eastern